By now, most of you are aware of Uber’s aggressive pricing strategy and the potential for it to make a huge impact on the American economy.
The company is now looking to increase that impact by increasing the number of drivers and increasing the minimum wage.
But the company also wants you to know that the minimum pay you will be paid will be far less than what you are likely to see at the same job at a competing service.
And that means you may see your paycheck slashed.
The new minimum wage proposal is the first major change in the industry since Uber was established in 2013.
The goal is to increase the pay of Uber drivers to $15 per hour, or $25 per week.
Uber estimates that about a third of its drivers will make at least $15 an hour, which it believes will help it retain them.
“We know that there’s a lot of demand for the Uber experience, and we are going to drive that demand,” Uber CEO Travis Kalanick said in a statement.
“The reason we’re not going to offer a lower minimum wage is because we know that’s not what drivers want,” he added.
“The way we pay people is going to be very different.”
The company has also announced that it is raising its minimum wage to $19 per hour from $15.
This will bring it in line with the federal minimum wage, which is $7.25 an hour.
The current minimum wage for drivers is $10.70 an hour and is set to increase to $11.70 by 2019.
The company also says that the $15 minimum wage will be the same across the U.S. and in all 50 states.
Uber is looking to set a minimum hourly wage of $19 in California, New York and Illinois.